A drop in mainland Chinese visitors has put a dampener on store rents in Causeway Bay, one of Hong Kong’s prime shopping districts, potentially changing up a retail mix that had catered heavily to mainland customers.

Earlier this month in New York, Christie's held its biggest ever art auction, selling $745 million worth of contemporary and modern works by Western artists in one night. But at Christie's Hong Kong spring sales, the bidding activity was far more muted.

A drop in mainland Chinese visitors has put a dampener on store rents in Causeway Bay, one of Hong Kong’s prime shopping districts, potentially changing up a retail mix that had catered heavily to mainland customers.